ExxonMobil elects new Chairman and CEO

On 1 January 2017, Darren W. Woods started work as the new Chairman and CEO of ExxonMobil Corp.

Mr Woods replaces Rex W. Tillerson, who was appointed by Donald Trump as his Secretary of State in December 2016.

Mr Woods previously served as the company’s President since January 2016.

In a statement, the company’s board of directors congratulated Mr Tillerson on his nomination for the position of US Secretary of State: “We thank Rex for his leadership, service and dedication to ExxonMobil […] He led the company with integrity and honour, ensuring that safety and environmental protection were at the forefront of everything we do, generating value for shareholders and highlighting the impressive accomplishments of the company’s diverse workforce throughout the world. We know that his service to the nation as secretary of state will be equally successful and distinguished.”

Mr Tillerson was originally scheduled to retire in March 2017 when he reached the age of 65, the company’s mandatory retirement age for his position. After consideration, Tillerson concluded, and the board agreed, that given the significant requirements associated with the confirmation process, it was appropriate to move the retirement date.